The funding will help the company boost its product fleet
through technological upgrades, expanding its global operation
networks, optimizing its supply chain management and corporate
structure as well as talent.
SHENZHEN, China, Sept. 22, 2021 /PRNewswire/ -- HAI ROBOTICS, a
Chinese warehouse robotics startup pioneering in autonomous
case-handling robotics (ACR) system, announced that it has secured
two new continuous rounds of financing, garnering US$200-odd million in total to be invested in
boosting its robot fleet with technological upgrades, expanding its
global operation networks, optimizing its supply chain management
and corporate structure as well as talent.
The C round funding was led by 5Y Capital with participation
from Sequoia Capital China, Source Code Capital, VMS, Walden
International and Scheme Capital. The D round funding, the third
capital infusion for the company in 2021, was led by Capital Today
with some existing investors, including Sequoia Capital China, 5Y
Capital, Source Code Capital, Legend Star, and 01VC. Earlier in
March, the company announced B+ round funding of US$15 million. The fast funding pace may offer a
glimpse of the market's appraisal for its products, technological
strength and services.
HAI ROBOTICS launched the world's first ACR system--HAIPICK™ in
2015. The HAIPICK™ robots can pick and place totes or cartons on
storage shelves up to 5 to 7 meters high and are able to carry up
to 8 loads to continuously feed goods-to-person picking
stations.
The HAIPICK™ robot has stood out from similar mobile robots with
the ability to carry cartons as well as individual totes and to
bring multiple cases to pickers or conveyors in one movement. It
can help realize warehouse automation in just a week, increase
storage density by 80-130%, and improve staffs' work efficiency by
3-4 times.
The global supply chain and warehousing logistics market in the
past years has seen a surge of automation transformation. As per
LogisticsIQ™ market report, the warehouse automation market is
expected to worth US$30 billion by
2026, at a CAGR of 14% since 2019.
The HAIPICK™ system waded its way first through shoes and
apparel projects in the wave of warehousing automation. So far, the
company has been running over 200 projects around the globe with
more than 2,000 ACR robots deployed, accounting for 90% share in
the ACR robot market. It has paired up with dozens of global
logistics and supply chain leaders, including LG CNS, MHS, MUJIN,
BPS, Savoye, to name only a few.
"Our major future orientation will center on expanding the
overseas market and localize our service," said Richie Chen, the company's cofounder and
CEO.
HAI ROBOTICS thinks it has an edge over its overseas
counterparts in many aspects, including project cost, technology
and customization capability, in that it has matured when catering
to the various demands in the dynamic Chinese market.
Speaking of the company's future plans, Richie Chen said that the company will continue
to pursue technological innovation as the primary driver for
growth, and continuously create values for customers.
Guo Shanshan, a partner of Sequoia Capital China, said that HAI
ROBOTICS has made itself an exemplar in the logistics sector with
its ACR system. "The case-handling robot is riding on the market
trend that shifts towards smaller workflows, such as from
pallet-picking to totes-picking. We're very pleased to see the
company's fast growth with good innovation," he said.
About HAI ROBOTICS
HAI ROBOTICS, a trailblazer of autonomous case-handling (ACR)
system, is committed to providing efficient, intelligent, flexible,
and customized warehouse automation solutions through robotics
technology and AI algorithms. It aims to create value for each
factory and logistics warehouse.
The HAIPICK™ ACR system, independently developed in 2015, is the
world's first of its kind. The company has a yearly turnout of
10,000 robots with a 18,000 sqm factory in Dongguan, China.
Founded in 2016 with headquarters in Shenzhen, China, HAI ROBOTICS has set up five
subsidiaries in Hong Kong SAR, Japan, Singapore, the U.S. and the Netherlands, serving customers from more
than 30 countries and regions. It now has over 1,000 staff, more
than 50% of which are engineers. The company has acquired more than
400 global patents for core intellectual properties involving
positioning, robot control and warehouse
management.
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